Job Description

The Senior Audit Manager – UK will assist the Chief Auditor – UK & Legal Entity Management in providing independent third-line assurance that the end to end processes at Citi (in so far as they relate to Citi UK Legal Entities) have been properly understood, assessed and mitigated via first line programs and second line assurance activities. Working under the supervision and direction of the Chief Auditor, this role, which will largely have a UK focus, will be responsible for:

• Working with product and function Chief Auditors and their delegates to develop and complete (and keep updated) an effective audit strategy and plan that provides thorough, risk based coverage (including issue validation for regulatory and audit issues) for addressing material risks from a UK Legal Entity lens. This includes:
  • If required, creation of UK Legal Entity specific audit work to supplement product and function audits
  • Reviewing product and function audit plans to determine audits that have most relevance to Material Legal Entities (not just UK).
• Working with IA Methodology teams and other MLE HOAs to develop a Legal Entity audit approach to ensure that Legal Entity perspectives are considered as part of audit planning processes for global and regional audits; working with IA L&D to develop LE related training that can be rolled out across IA.
• Effectively partnering with product and function audit owners and Chief Auditors to ensure that audit issues resulting from key audits identified are not just tagged to the right Legal Entities but also providing additional perspectives to issue wordings from a Legal Entity perspective.
• Providing regular review and audit oversight over critical remediation programs and tracking progress.
• Effectively reviewing and challenging first and second line Legal Entity management assessments
• Working with IA QA team to address any QA findings, regulatory issues against IA etc.
• Working with IA MI team to analyse audit data in audit systems from a LE perspective; ensuring corrections are made as required, and following up to ensure errors detected are sustainably addressed.
• Providing regular updates and briefings on audit perspectives from a UK Legal Entity perspective to Senior Management, Board Sub-Committees etc. including an independent opinion on managements reporting; and
• Preparing briefing packs and interacting with UK regulators (along with EMEA Chief Auditor) and other global regulators (as required) on audit perspectives of the UK Legal Entities Control Environment.

Knowledge/Experience required:

• Experience in working with global teams and dealing with integrated internal audit and assurance delivery.
• Experience developing audit assessments and testing criteria, tools and methodologies
• Ability to execute concurrently on a portfolio of high quality deliverables according to strict timetables.
• Prior experience of conducting risk based audits and presenting results to management
• Knowledge and experience of risk issue management criteria, tools, and methods
• Understanding of how risks and control deficiencies need to prioritized and remediated across the first line

Skills/ Competencies:

• A confident individual. Able to analyse and think through issues; Fluent in oral and written English; Strong communication skills.
• Good numerical and analytical skills. Ability to deal with data and derive insights.
  • Good interpersonal skills for interfacing with all levels of internal and external audit and management.
  • Self-motivated and goal-oriented.
  • Sense of urgency in implementing programs and evaluating priorities.
  • Critical thinking is a key requirement of the role, as themes related to risks and issues around the organization will be identified and presented to key stakeholders.

Required Knowledge, Skills, and Abilities

Bachelor of Science or equivalent; Masters preferred. Related certifications (CPA, ACA, CFA, CIA, CISA or similar) are a plus. Statistical, Computer Science or Computer Engineering qualifications will be an advantage. Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.